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2 Wes Maas Chief Executive Officer (CEO) & Managing Director BOARD OF DIRECTORS Stephen Bizzell Independent Non - Executive Chairman Tanya Gale Non - Executive Director David Keir Independent Non - Executive Director Michael Medway Independent Non - Executive Director
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3 EXECUTIVE TEAM Craig Bellamy Chief Financial Officer (CFO) Christine Ashcroft Group Health & Safety Manager Andrew Letfallah Chief Operations Officer (COO) Candice O’Neill Company Secretary & General Counsel Josh Large Civil Construction & Hire Director Megan Byrne Manager Corporate Finance
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STRATEGIC FOCUS Strategically positioned for long - term growth. Our investment framework is underpinned by a disciplined focus on return on capital employed (ROCE), supported by the following strategic fundamentals: WHAT SETS MAAS APART ? A continued focus on supporting key infrastructure markets. Well positioned to capitalise on multi - year industry tailwinds. 1. An aligned, founder - led team focused on being a leader and low - cost provider in each end market. 2. 3. Proven track record of maximising investment returns, organic growth and accretive M&A complemented by prudent capital allocation. A strong focus on return on capital has driven more than 20 years of growth. A founder - led culture that drives strong alignment and underpins long - term success. Strategically positioned to benefit from structural market tailwinds. A strong capital position providing flexibility to invest, optimise and redeploy capital. A highly experienced and committed management team with a proven track record of delivery. 4. Well capitalised with a strong balance sheet to support continued growth. 4
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TRUST only earned through action COMMITMENT deliver on commitments to customers CANDOUR transparent conversations to get it right TEAMWORK focused on safety and solutions LEADERSHIP the courage to strive for excellence OWNERSHIP empowered to get it right and be accountable for the results VALUES DRIVEN 5
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HEALTH & SAFETY In FY26, the Group recorded an LTIFR of 5.6, compared with 4.7 in FY25, and a TRIFR of 16.7, compared with 15.8 in FY25. These results remain above the Group’s benchmark targets and are a clear area of focus for management. Total recordable injuries increased to 94 in FY26, compared with 89 in FY25. Total reported incidents increased, reflecting both the scale of the Group’s operations and continued reporting across the business. The Group remains committed to reducing injury frequency through visible leadership, stronger critical control verification and targeted risk - reduction initiatives. Embedding consistent safety expectations across all operating segments and acquired businesses remains a priority. 5.6 8.4 12.1 11.9 11.1 11.1 9.8 6.8 3.7 4.3 4.7 5.6 0 2 4 6 8 10 12 14 16 18 FY21 FY22 FY23 FY24 FY25 FY26 Total Recordable Injury Frequency Rate (TRIFR) LTI MTI 2 15.4 15.3 15.8 15.9 N ote : all values are rounded to one decimal place 15.8 TRIFR 1 Lost Time Injuries 2 Medical Treatment Injury 1 16.7 6
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OUTLOOK In FY27, the Group will enhance its sustainability reporting practices and review its emissions profile following the Construction Materials sale to support future reporting requirements. SUSTAINABILITY Maas remains committed to minimising environmental and climate - related impacts, fostering responsible practices across its operations. Low Carbon Offerings The Company has continued its investment in developing lower carbon product lines, including: • Dandy’s CarbonCrete , CarbonCrete Plus and CarbonCrete Max products and use of recycled materials as aggregate replacements in its concrete mixes. The acquisition of Cardinia Environmental Recycling, a provider of recycled aggregates , is expected to reduce Dandy’s environmental impacts further and enhance its recycled product offerings. • Austek continues to increase use of its Rec laimed Asphalt Pavement, with 12% of its total production being from recycled product this year. Austek utilised over 4,460t of Biogenic binder, providing a CO2 reduction of approximately 730t when compared to traditional Polymer Modified Binders. • Austek became the first contractor in Australia to successfully deliver a project using CarbonBind M1000, a net zero multigrade binder. Waste Minimisation and Environmental Plans • Regional Group continues to promote the beneficial reuse of waste materials and is exploring options to incorporate waste material at additional sites on the East Coast of Australia. • Civil Construction and Hire, Residential Real Estate and Commercial Real Estate have invested in management systems and procedures that facilitate quantitative materials scoping and demand ordering that aim to ensure waste during construction is minimised and materials delivered for construction are accurate. Alternative Fuels • The Group continues to investigate ways to reduce its reliance on fossil fuels, with Austek leading the way. This year, Austek's alternative fuel use of waste derived oil fuels increased by 13 %, now representing 66% of drying fuel used. Residential Real Estate • The Group’s Residential Real Estate division supports emissions reduction through the delivery of new homes, offering incentivised solar panel packages, building above minimum environmental code requirements, and incorporating responsible water - saving features and fittings to improve energy efficiency, reduce household resource consumption and support more sustainable communities. * For scope 1 emissions, the underlying activity data was collated using the Group’s internal finance system and uploaded into Resource Advisor, the Group’s environmental data collection system. Scope 2 data and emissions calculations are uploaded directly into and processed within the Resource Advisor platform. INITIATIVES 7
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~ 2,143 TEAMMATES 33% FEMALE REPRESENTATION IN SENIOR EXECUTIVE TEAM 80 APPRENTICESHIP / TRAINEESHIP POSITIONS We build capability from within through external training, mentorship, hands - on experience and initiatives including our Maas Edge leadership program. In FY26 we supported 80 trade apprenticeship positions, including 37 trainees in accredited programs, reflecting our commitment to a capable, future - ready workforce. In FY26, we continued to support initiatives that reflect who we are as an organisation and what matters to our people and communities. This included children's and mental health charities, grassroots sporting and community groups, and programs creating lasting impact in the regions where we operate. HIGHLIGHTS PEOPLE, CULTURE & COMMUNITY 1. 2. 3. Proudly supporting: 8
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Another record performance in FY26, ~$1.2bn Electrical work in hand providing locked - in continuing business earnings growth for FY27 and beyond FINANCIAL HIGHLIGHTS 1 Movement in tables above is FY26 vs FY25 2 Guidance provided on 4 August 2026 for FY26 Group Underlying EBITDA of $300m – $310m and Continuing operations guidance of $130m – $135m EBITDA 3 Investment uplift of $41.7m includes uplift relating to financial assets including $40.2m for the groups’ investment in Firmus. 4 Conversion % of underlying EBITDA (excluding fair value gains) into operating cashflow (before land inventory, interest and tax) 5 Subject to FIRB and MGH shareholder approvals 6 30 June 202 6 Australian borrowing group net debt divided by FY26 Australian borrowing group EBITDA (includes add back of pre - acquisition earnings). 7 Lost Time Injury Frequency Rate $143.3M Continuing Operations Underlying EBITDA ex investment uplift 3 Increase of 37% on pcp and above guidance range of $130m - $135m 2 34.2c Underlying EPS 51% increase on pcp driven by record underlying NPAT 93% Cashflow conversion 4 Within target range representing disciplined working capital management 2.6x Leverage ratio 6 In the target range of 2 - 3x 5.6 Safety – LTIFR 7 LTIFR increased from FY25 to FY26, with safety performance improvement remaining a key priority $1.7bn Construction Materials Segment sale to HMA Transaction now approved by ACCC and on track to settle in October 26 5 ~$1.2bn Electrical work in hand Record electrical manufacturing work in hand of ~$1.2bn to be executed over the next 18 months $300.3M Underlying EBITDA Increase on pcp (37%) in line with guidance range 2 driven by investment uplift and strong continuing operations result $99.3M Capital Recycled Crystallising ~$26.1m of historical fair value gains with a further ~$158.3m contracted to sell over the next 18 months 9 9 $136.1M Statutory NPAT attributable to owners of MGH Increase on pcp (89%) driven by continuing operations growth and held for sale depreciation reversal
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BUSINESS UNIT OVERVIEW Construction Materials • Quarries • Concrete • Asphalt • Geotechnical engineering • Logistics • Recycling 41% Civil Construction & Hire • Electrical manufacturing, transmission and distribution • Civil construction • Equipment hire 23% Manufacturing • Equipment sales & distribution • Manufacturing 2% Commercial Real Estate • Commercial developments • Commercial construction • Building materials • Insurance repairs 21% Residential Real Estate • Residential developments • Home building 11% FY26 Underlying EBITDA contribution 1 1 FY26 underlying EBITDA contribution by segment as a percentage of total Group underlying EBITDA excluding corporate and group eliminations Real Estate Operating Segments Industrial Operating Segments 10
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MARKET OVERVIEW • Strong digital infrastructure demand driving growth in the Electrical division coupled with tailwind opportunities across other businesses. • Demand and pricing for Self - storage and Industrial projects remains robust supporting capital recycling initiatives. • Pent up housing demand, low rental vacancy and positive response to new market releases (Rockhampton) underpinning positive momentum for residential land sales and development although the impact of recent tax changes relating to property investment continues to play out in the market • Expectation of strong revenue and profit growth to continuing operations in FY27 1 . • Factors contributing to the FY27 outlook include: • Record work in hand for Electrical (~$1.2bn) with Electrical manufacturing becoming the dominant revenue and earnings driver of the segment • Substantial carry - in of 200 residential land lot settlements supporting continued growth in the Residential real estate segment • $158.3m of property sales were under contract at year end and are due to settle over the next 18 months, supporting a strong capital recycling outlook. • Strong balance sheet bolstered by construction materials sale to HMA supporting future earnings accretive redeployment of capital in Q2 of FY27. • Acquisition of property with available power and grid proximity to support future digital and energy infrastructure developments. TRADING CONDITIONS OUTLOOK 1 Risks to outlook: Delay or transition issues in relation to HMA sale, shift in outlook for AI and data centre growth, project d elays/cancellations, intensifying competition causing market share loss/ price pressure, sustained/higher interest rates further depressing residential propert y a ctivity, adverse weather 11
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DISCLAIMER Important information The purpose of this presentation is to provide general information about MAAS Group Holdings Ltd (Maas or the Company) and it s s ubsidiaries and business. The information in this presentation is current as at 24 September 2026 . It is in summary form and is not necessarily complete. It should be read together with the Appendix 4E Annual report . No offer of securities This presentation is for informational purposes only and does not constitute or form any part of any offer, invitation or adv ert isement to sell or issue securities or other financial products in any jurisdiction. It is not a prospectus, disclosure document, product disclosure statement or other offering doc ume nt or contract under Australian law or any other law. This presentation and its contents must not be distributed, transmitted or viewed by any person in any jurisdiction where the di stribution, transmission or viewing of this document would be unlawful under the securities or other laws of that or any other jurisdiction. Not financial product advice The information in this presentation does not take into account the investment objectives, financial situation or particular nee ds of any recipient. It should not be relied on by any recipient in considering the merits of any particular transaction. It does not constitute investment advice, nor shall it, or an y part of it nor the fact of its distribution, form the basis of, or be relied on in connection with any contract or investment decision. You may wish to seek independent legal, financial, re gul atory and taxation advice before making any decision in respect of this presentation. Neither the Company nor any of its related bodies corporate is licensed to provide financial pr oduct advice in respect of the Company’s securities or any other financial products. Forward - looking statements Certain statements in this presentation are forward looking statements. You can identify these statements by the fact that th ey use words such as “anticipate”, “estimate”, “expect”, “project”, “intend”, “plan”, “believe”, “target”, “may”, “assume” and words of similar import. These forward - looking statements speak only as at the date of this presentation. These statements are based on current expectations and beliefs and, by their nature, are subject to a number of known and unknown r isk s and uncertainties that could cause the actual results, performances and achievements to differ materially from any expected future results, performance or achievements exp res sed or implied by such forward looking statements. Confidentiality This information in this presentation is confidential, is being furnished to you solely for your information and may not be r epr oduced, in whole or in part, or distributed to any other person. By receiving and/or attending this presentation, you agree to hold the information in confidence and to refrain from dis semination or distribution of the information herein to unauthorised persons. Disclaimer No representation or warranty, express or implied, is made as to the accuracy, adequacy, completeness or reliability of any s tat ements, estimates or opinions or other information, including forward looking statements, contained in this presentation. To the maximum extent permitted by law each of MAAS, it s s ubsidiaries and their respective directors, officers, employees, contractors, agents and advisers (each a Relevant Person) disclaims any responsibility or liability for the accura cy, fairness, sufficiency, timeliness or completeness of the material contained in this presentation, or any error or omission therefrom, or any opinions or beliefs contained in it, and exc ludes all liability whatsoever for any loss or damage (whether foreseeable or not and whether direct, indirect or consequential) which may be suffered by any person as a consequen ce of any information in this presentation or any error in or omission from it, whether the loss or damage arises in tort (including negligence), contract, statute or otherwis e. Nature of information Unless otherwise stated, the information in this presentation is based on the Company’s own information and estimates. However it may contain information (including information derived from publicly available sources) that has not been independently verified by the Company. This presentation has not b een subject to review or audit. All amounts are presented in Australian dollars unless otherwise stated. A number of figures in this presentation have been rounded. 12
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